The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-06-11
WEEKLY TRADE REVIEW.
Dun 81 Co.'s Reports Show the Effec
of the Labor Troubles.

New YORK, June 10.--R. G. Dun & Co. s
weekly review of trade says: But for the
labor contests and excessive speculations
the outlook would be entirely satisfactory
The crop prospects and the financial situa-
tion have both improved during the past
week. But the effect of the important
strikes is felt more seriously every week,
as the resources of the idle workingmen be-
come exhausted. and the consumption of
the products by their. families and by the
various manufactures indirectly affected,
is diminished. How great the disturbance
OF trade which may result from
single strike. is forcibly Illustrated by the
returns of the iron furnaces in blast,
June 1.
A REMARKABLE INSTANCE.
The Pittsburg accounts usually differ a
little from those published here, but this
month the statements vary very widely.
The IRON Age making the weekly output,
June !, about 81 ,675 tons, or q per cent. less
than on May /, while the Pittsburg stats
tics, forwarded by our correspondent, make
the decreased output 1905 tons. Either
statement represents a remarkable decline,
ranging from 100000 to S750,000 in the
value of the weekly production and to this
must be added the decrease in many impor-
tant branches of manufacture, which de
pend upon their material on the
furnaces now idle. In spite of the
great decline the prices have been weaker,
heavy sales Of Southern iron having been
made in the eastern markets. The stove
business has revived, the lockout of the
moulders having terminated but the nail
market is demoralized by the over-produc
tion.
THE WHEAT SPECULATIONs.
u ~ L
prices, after rising to nearly 81 for No. 2,
level The crop reports from all directions
are favorable, and the accumulation of z, 500
cars about Chicago, still loaded, because
wheat room is scarce in the elevators, gives
a point to the observation that great guam
tity of wheat seems still to be left in the
farmers hands. The official reports show
net exports equivalent to 125, 1877, 74S bushels
in the ten months ending with April, with
probably 11,500, 900 more in May, but the
exports this month bid fair to fall below
those of last June. In that case, the sur
plus to be carried over July will probably
exceed $4,000, 900 bushels in addition to the
minimum always had on hand Sales have
been only 26,000,000 bushels here, but Chi
cago exchange on New York, still 40c. to
SOC discount, shows that the spectators are
preventing the natural movement of money
Eastward at this season.
Accounts from the various sections con-
tinue almost uniformly favorable, Rain
has helped the farmers throughout the
Northwest The stove moulders have re-
sumed work at Detroit, though the builders
strike continues at Chicago. Money is re-
ported in good supply at all points, and
collections everywhere good or fair, with
improvements in some localities. The
Southern reports show natural dullness in
trade, but confidence in an early and pros
porous fall business From Northwestern
points great activity is everywhere reported.
THE WEEKS FAILURES.
The business failures occurring through
out the country during last week, as re-
ported to R. G.. Dun & Co., number for the
United States 140, Canada So, total 173,
against $50 last week and II the week previ-
Gus. In the Eastern and Middle States the
failures are exceptionally light. In the
other sections there are about the average
number reported, but in Canada there is a
considerable increase, arising mostly in the
maritime provinces